Member Info for Rumandpoker

Yes, don't set a stop loss. And if you do, give it a bigger margin; on illiquid stocks, as this one is atm, swings in SP can be relatively dramatic so give yourself more room.

The market as a whole was sharply down yesterday on the back of UK recession fears...have a think about that before you wet your pants. Buy and hold at these low prices and cone back in a few days/weeks/months. Till then, tune out

It dropped entirely predictably following the 40% rise following the last court RNS as people predictably took profit with an anticipated wait till the next big news. That has already played out in the fall back to these levels. Whilst that retracement was predictable I absolutely don't foresee any further substantial falls, but rather a meandering around the current range.

Possible, but I personally also think very unlikely to see a 18% drop on no news. Pretty sure we are close to our bottom, after the pull back from last high two weeks ago, as we have strong support in this area. Think it will hold this range for a while myself

And even if the bottom falls out the market and SP fell to4p there would immediately be a25% bounce to 5p

I'd think it very unlikely to see a 50% drop in SP to 4p on the back of no news, especially with the RSI already being reasonably low. But then red inky has an agenda

Reasonable conclusion...that hits the nail on the head. I know what my reasonable conclusion is..unlikely to be below the current SP, hence I am happy to build my position while the opportunity is there at a minimal risk (for those that counter minimal risk will be when there is more certainty my ethos is to buy low as possible early as possible before sp takes off, thus in the event of disaster I still more or less breakeven..if I had this average at the time of SOA1 diaster I would've broke even .

I want to know where hedged was yesterday. But then, of course, yesterday was a bad day for him

You might want to post based on reality. Crimea is not a bargaining point for Ukraine; there has been no red line/ultimatum that Crimea must be returned to Ukraine and nowhere has it been reported as such so your post is a skewed reality. I believe they accept Crimea won't return to full Ukraine sovereign control, that at best the region will have to remain autonomous. This article refers to the issue of whether the region will remain autonomous or under full Russian control perhaps being agreed to be tackled at a later date, after a ceasefire.

https://www.bbc.co.uk/news/world-europe-56720589

Secondly, the SP is clearly contingent on news so clearly the direction of SP will rely on that; yes, might go down if ii's are selling...until there is good news on a ceasefire...which could be sooner or later.

He said end of the month which isn't far away so he must be confident.

If DM does indeed clarify who, when, where etc by then the I think it pretty unlikely we will see 7p. Indeed, if you compare the same catalyst to the SP last year it provided a major uplift.

Daniel, is it factored in though? We rose 15% Friday afternoon alone in anticipation of news. Hopefully something similar this afternoo, while I would also expect a 15-20% jump tomorrow if RNS lands tonight.

I don't know about 100%, maybe 30. But I think good chance judgment will be in the process of being delivered today with most likely an after hours RNS. Assuming Gary can construct the RNS in that time.

I would've expected SP to exceed 50p in 2 years, , but then I'm an amateur also.

Liquid, is that a word-for-word extract from the link or have you taken the gist and paraphrased yourself?

I can't access the link as my email isn't posh enough haha.

Not so sudden, it was a ripe opportunity (an hour ago) to take profit with the RSI at 83 and two days from news. Question is where will the bounce happen. I think around this approx. level

The RSI hit 80 and a very obvious retraction point of 10p hit meaning traders pulling out. Retraction over then will be ready to go up again. I imagine a close around 7.50-7.75, with an initial gap up in the morning.

No stock split for Berkshire Hathaway...quarter mill for one share.

Ndn, I hear your points. However, while the hypothetical update you mention wouldn't spook the market, it would surely send the SP tumbling c.10-15%.

I, for one, prefer the no news till news that is feeding the holding pattern we are currently in. However, I wouldn't be remiss to a promotional agenda, but I understand that is a luxury that RM simply doesn't have the time to indulge in l, given how full his plate is - I think it's fair to surmise he is even busier than most CEOs.

Cartainly a very exciting punt now, given the boards expertise and the fact they are clearly committed to giving this a go now

Just a quick question, SI, from a layman's pov -when you say RTO you are potentially expecting them to acquire a small producing asset thereby directly buying into the oil field, rather than going down the JV route again? If I understood correctly.

NoEasy, true, but they have acknowledged they will need to 'significantly' reduce costs. I would suggest they all take a salary in terms of share options, a la Musk et al. That would be a very fruitful incentive for them.

Tempting to put money in after the dust has settled to lower risk profile if there is a future. Means taking LP at his word though.